Betting on the House

Discussion in 'Property Market Economics' started by Redwing, 7th Sep, 2017.

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  1. Redwing

    Redwing Well-Known Member

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    Four Corners Show

    Betting on the House

    ARAH FERGUSON: Hello and welcome to Four Corners.

    For the banks, regulators, politicians and for the public - it's the stuff of nightmares: what happens if Australia's debt fuelled housing boom comes to a crashing end?

    It happened in Ireland, in Spain... and of course in the US with disastrous, long term consequences for millions of people.

    Australians carry the second highest level of household debt in the world.

    Many economists and market analysts say a correction is now inevitable.

    While the regulators have recently forced banks to tighten up on lending - experts in tonight's program say the legacy of loose, irresponsible lending has many years to run.

    Four Corners travelled across the country from Queensland to Western Australia to understand the day to day experience for those people on the edge of the precipice - the growing number of Australians living with mortgage stress.

    Michael Brissenden's story begins on the fringes of Western Sydney where faith in the resilience of the market is unshaken.
     
    Redwing, 7th Sep, 2017
    #1
  2. Big Will

    Big Will Well-Known Member

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    Did you miss the thread?

    Betting on the house
     
    Big Will, 7th Sep, 2017
    #2
    Dean Collins likes this.
  3. Redwing

    Redwing Well-Known Member

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    Damn, I did @Big Will and I had a quick look also

    Admin, feel free to delete
     
    Redwing, 7th Sep, 2017
    #3
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